Huitongda Network Co., Ltd. provided earning guidance for the year ended December 31, 2022. The board of the Company informed the shareholders and potential investors of the Company that based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended December 31, 2022 (the ‘2022 Financial Year'), the Group expects to record a profit attributable to equity shareholders of the Company of not less than RMB 285.0 million for the 2022 Financial Year, representing a turnaround from a loss attributable to equity shareholders of the company of approximately RMB 349.9 million for the same period in 2021. The Group expects that the 2022 Financial Year's adjusted profit attributable to equity shareholders of the Company, being the profit attributable to equity shareholders of the Company adding back the interest expenses arising from redeemable capital contributions, will be not less than RMB 377.0 million.

Such positive profit estimation was mainly because (a) the company's redeemable capital contributions were converted into equity after the completion of the global offering of the Company, and no interest expense has been incurred since the listing of the Company's H shares; (b) the Company continued to improve the capabilities in empowering supply chain and creating synergies by deepening brand links, optimizing the structure of secondary product offerings and building self-owned brands, etc., so as to provide member stores with more stable and high-efficient solutions for trading of merchandise, thereby increasing the revenue from commerce business; and (c) the Company further deepened the implementation of the SaaS+ business strategy and continued to expand the member network and improve the service capability, which contributed to the increase in the revenue from service business.